Lotus Kamal denies claim over share-market scandal

Chairman of a Parliamentary Standing Committee upon Finance Ministry ANH Mostafa Kamal alias Lotus Kamal Wednesday denied a claim brought opposite him over a stock-market liaison as well as denounced a committee-decided calming measures for a marketplace as well as a monetary sector.

Replying to a subject from reporters during a press discussion during a media centre of Parliament Bhavan, a ruling-party lawmaker as well as bureau worker claimed his company’s ignorance in a have a difference of share-market manipulation.

The parliamentary watchdog physique endorsed which Tax Identification Number (TIN) not be done compulsory. The lawmakers additionally referred to a monetary method not to levy taxation upon BO comment as well as additionally not to levy taxation upon a income of particular investors in a collateral market.

“There is no claim in a examine physique inform upon share-market liaison opposite my company, CMC Kamal,” pronounced Kamal in replying a question.

Pointing during a media-men, he emphatically said, “You will see either there is any claim opposite me or not.”

In a meeting, a cabinet endorsed shortening taxation to 10 percent from twenty percent upon a purebred companies in a share market.

Tax legal holiday was endorsed for those investors who have been meddlesome to set up courtesy in a dull areas investing Tk thirty crore as well as formulating practice event for during slightest 100 people.

With a perspective to enlivening a investors, a cabinet additionally endorsed obscure taxation to 10 percent from twenty percent upon dividends both for personal as well as corporate fields.

The cabinet referred to hiking to 50 percent from 10 percent a spending of income in Corporate Social Responsibility (CSR) activities.

In a bid to forestall tax-evasion bent as well as progress up taxation collection, a cabinet endorsed shortening taxation to 40 percent from 42 percent upon bank, word as well as monetary institutions as well as twenty-two percent from existent twenty-seven percent for alternative companies.

Moreover, Bank as well as Financial Institution Division cabinet member Shafiqur Rahman Patwari, Finance Division Secretary Dr Mohammad Tareq, Internal Resources Division Secretary as well as Secretary of a National Board of Revenue Dr Nasir Uddin Ahmed as well as Securities as well as Exchange Commission Chairman Dr M Khairul Hossain were benefaction during a meeting.